Heidmar Maritime (NASDAQ:HMR) Announces Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• Heidmar Maritime reported an earnings per share (EPS) of $0.01, missing estimates by $0.04, which was $0.05 as per consensus.
• Despite the earnings miss, Heidmar Maritime's stock rose by 1.0% to $1.58, with a trading volume of 77,549 shares.
• Equities analysts have set a buy rating for the stock with a target price of $5.00, indicating potential for future growth.

Heidmar Maritime (NASDAQ:HMR - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04), Zacks reports.

Heidmar Maritime Stock Up 1.0%

HMR stock traded up $0.02 during trading on Monday, reaching $1.58. 77,549 shares of the company traded hands, compared to its average volume of 1,760,733. Heidmar Maritime has a 12 month low of $1.45 and a 12 month high of $10.04.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HMR shares. Wall Street Zen upgraded shares of Heidmar Maritime to a "hold" rating in a research note on Sunday, June 15th. B. Riley began coverage on shares of Heidmar Maritime in a research note on Tuesday, July 15th. They set a "buy" rating and a $5.00 target price on the stock.

About Heidmar Maritime

Heidmar Maritime Holdings Corp. provides commercial and pool management services to the dry bulk, crude oil, and refined petroleum product tanker markets worldwide. It offers tanker pool and commercial management, dry bulk pool and commercial management, and fuel services. The company also operates a platform to invest in tanker or drybulk vessels offering a range of customized services for the investor, as well as engages in the sale and purchase of second-hand vessels and newbuilds in the tanker and drybulk sectors.

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